The award was presented to LogRhythm at the annual Frost & Sullivan Asia-Pacific ICT Awards banquet, held at the Shangri-La, Singapore on July 6.

Mr. Charles Lim, Industry Principal, Cyber Security Practice, Asia-Pacific at Frost & Sullivan said that threat intelligence feeds are meant to supplement the existing security intelligence of enterprises with the information of threats that are discovered externally. He added that it is meant to correlate with the intelligence of their network, to predict, identify and reduce the time-to-detect cyber threats.

“Hence, buying threat intelligence itself will not improve security unless the organization correlates it with the intelligence of their own corporate network, have the right analytics tools to correlate and create actionable insights for security analysts,” he said.

Mr. Lim also said that LogRhythm’s Threat Intelligence Ecosystem has excelled in providing a service that provides quick and easy integration of the standard open source threat intelligence feeds available at no extra costs, as well as deep integration of multiple commercial threat intelligence feeds acquired from reputable threat intelligence providers, which seamlessly correlate with the security intelligence of the enterprise.

“With this product line strategy, the company can help both mid-sized and large enterprises achieve better security and thereby increase adoption of their security intelligence and analytics platform,” he added.

“We are proud to receive the 2017 Frost & Sullivan Asia-Pacific Enterprise Security Product Line Strategy Leadership Award. This is a recognition of the hard work put in by all our dedicated employees to support our customers in their cybersecurity strategy. As cybercrime and cybersecurity is in a constant arms race, where hackers are unfortunately, ahead of us, a passive approach through perimeter defences and protection have proven to be far lacking. Active threat monitoring, detection and response needs to be employed instead by automatically processing and identifying anomalies in log data in real time from a single view so that you can quickly respond and contain a threat before it becomes a full blown security incident,” said Bill Taylor-Mountford, Vice President, Asia Pacific & Japan, LogRhythm.

The recipients of the annual Frost & Sullivan Asia-Pacific ICT Awards were identified based on an in-depth research conducted by Frost & Sullivan’s analysts. The award categories offered each year are carefully reviewed and evaluated to reflect the current market landscape and include new emerging trends. The short-listed companies were evaluated on a variety of actual market performance indicators which include revenue growth; market share and growth in market share; leadership in product innovation; marketing strategy and business development strategy.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

About LogRhythm

LogRhythm is a world leader in NextGen SIEM, empowering organizations on six continents to successfully reduce risk by rapidly detecting, responding to and neutralizing damaging cyberthreats. The LogRhythm platform combines user and entity behavior analytics (UEBA), network traffic and behavior analytics (NTBA) and security automation & orchestration (SAO) in a single end-to-end solution. LogRhythm’s Threat Lifecycle Management (TLM) framework serves as the foundation for the AI-enabled security operations center (SOC), helping customers measurably secure their cloud, physical and virtual infrastructures for both IT and OT environments. Built for security professionals by security professionals, the LogRhythm platform has won many accolades, including being positioned as a Leader in Gartner’s SIEM Magic Quadrant.